Pensacola Retail Center
1911 W Garden Street, Pensacola, FL 32502
10,800 SF / 7 Unit Retail Shopping Center For Sale
Property size:
10,800 SFLot size:
0.25 AcresPrice / SF:
$218/SF- Added:
- Feb 10, 2025
- Days on Market:
- 512
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 1911 W Garden Street
General Information
- Standard status
- Active
- Property type
- Shopping centers, Other retail properties, Individual retail properties, Retail properties & Spaces
- Size
- 10,800 SF
- Class
- A
- Total Parking Spaces
- 89
- Elevators
- N/A
- Lot size
- 0.25 Acres
Building Details
- Year Built
- 2018
- Buildings
- 1
- Stories
- 1
Listing agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 10, 2025
Overview
This seven-unit retail shopping center, encompassing 10,800 square feet, is located at 1911 W Garden Street in Pensacola, Florida. The property sits on a 0.25-acre lot. It is part of a portfolio of three similar properties, though this listing is for the individual sale of this specific center. The seller retains the right to sell the properties individually or as a group. The property is classified as a shopping center, encompassing individual retail spaces suitable for a variety of businesses. Located in a desirable area, the property suggests strong potential for rental income. Further details regarding the financial performance of the property are available upon request. This presents a unique chance to acquire a well-situated retail center in a thriving Pensacola market.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $18.00 |
| − Vacancy | −$20.0k | −$1.85 |
| EGI | $174.4k | $16.15 |
| − OpEx | −$52.3k | −$4.84 |
| NOI | $122.1k | $11.30 |
10,800 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.74M
$1.53M – $2.03M
NOI $122,064 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,876 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Cordova Square — 220 S Palafox St, Pensacola, FL 32502
- The Garden at Palafox + Main — 501 S Palafox St, Pensacola, FL 32502
- One Palafox Place Llc — 3 W Garden St Suite 210, Pensacola, FL 32502
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2168
- Latitude
- 30.4213
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 10,800 SF / 7 Unit Retail Shopping Center For Sale
Where is this shopping center located?
The property is located at 1911 W Garden Street Pensacola, FL.
What is the asking price?
The asking price for this property is $2,360,000.
